I will receive about 110k after costs and paying off some debt with the loan.

I'm looking at what options I have to pull equity out of other rental properties I have.Does anyone know of investor-friendly lenders that service the San Antonio / South Texas area and will allow home equity loans or HELOCs on rental properties?

Hey Christian, most flippers fund their flips using hard money bridge loans.

This is certainly text book and absolutely the proper way to analyze a deal.Im not sure what he owes on the home but based on the payment and the year it was bought and the fact that its 20 min from Austin im just going to throw out 500K for conversations sake.500K compounding annually at 3% for 5 years comes out to approx $578,000, and you have the loan paydown aspect as well obviously. 

@Joseph MuleroTo boost your rent plan and make more money in the medium-length rent market, think about these steps: slowly add furniture to the new place while you stay in your current home, pick cheap furniture, use a credit card with good terms, look into loan options like personal loans or home equity credit lines, try out the market by listing the place with few furniture pieces, aim for easy-to-change furniture for flexibility, and talk to pros like real estate agents or home decorators.

You should focus on a return on equity formula, which uses the asset value less loan value as the denominator.

**Financing Risks:** High-interest rates on pre-construction loans can impact your overall return, especially with rising cost of capital.

That wouldn't be enough to just decide to move out for FNMA, but with a legitimate employment issue you've clearly demonstrated an intent that met the loan covenants. 

Regarding the LTC (loan to cost) this will vary depending on your funding source (bank, private equity, etc.).

My assumption is either they moved out before the eviction was finalized or they paid whatever money was due and the landlord dropped the eviction, would that be somewhat accurate explanation of how this "dismissed without prejudice" would appear on someone's record?